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Show Virtually All Reach Understanding Under-standing With Receiver Lynch in Merchants Bank Suit SALT TjAKB. June 10 Practically nil of twenty-nine former directors of the Merchants' bunk. In the suit brought by Receiver Steven H. Lynch, to recover money, have arranged to settle out of court. It Is stated. I Council for the receiver appeared In court vesterday morning- asked for a continuance for twenty-four hours of the beginning: of the case. He explained explain-ed that settlement with Lester D. Freed, the one director who was expected ex-pected to contest his liability, had ar-lived ar-lived at an understanding with the rc-cc rc-cc ivcr. The case of Mr. Freed was somewhat some-what different from the other defend-.mis, defend-.mis, it was stated, in that he was a director prior to seven years ago, and mm disposed to regard himself as not Jusl- t ly liable to the allegations made fl .1 agaTnst tho other, defendants. I 1 -oo |